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Piermont Capital Management Portfolio holdings
AUM
$211M
1-Year Est. Return
8.09%
This Fund
S&P 500
This Quarter
Est. Return
+0.96%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$350M
AUM Growth
-$69.9M
(-17%)
Cap. Flow
-$68.2M
Cap. Flow
% of AUM
-19.5%
Top 10 Holdings %
Top 10 Hldgs %
10.28%
Holding
280
New
38
Increased
14
Reduced
162
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FSP
Franklin Street Properties
FSP
|
+$2.47M |
| 2 |
Portland General Electric
POR
|
+$2.37M |
| 3 |
Chord Energy
CHRD
|
+$2.35M |
| 4 |
WLL
Whiting Petroleum Corporation
WLL
|
+$2.33M |
| 5 |
Cooper-Standard Automotive
CPS
|
+$2.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Timken Company
TKR
|
+$3.6M |
| 2 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$3.41M |
| 3 |
M/I Homes
MHO
|
+$3.19M |
| 4 |
CONE
CyrusOne Inc Common Stock
CONE
|
+$3.16M |
| 5 |
UMPQ
Umpqua Holdings Corp
UMPQ
|
+$3.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.43% |
| 2 | Industrials | 14.97% |
| 3 | Technology | 13.73% |
| 4 | Consumer Discretionary | 12.59% |
| 5 | Healthcare | 11.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
National Bank Holdings
NBHC
$1.84B
| $683K | 0.2% |
20,620
-3,690
| -15% | -$117K |
|
202
Lamar Advertising Co
LAMR
$15.3B
| $672K | 0.19% |
9,140
| – | – |
|
203
Cadence Design Systems
CDNS
$93.7B
| $667K | 0.19% |
19,910
-20,980
| -51% | -$698K |
|
204
Pacira BioSciences
PCRX
$1.03B
| $662K | 0.19% |
+13,880
| New | +$644K |
|
|
SPR
205
DELISTED
Spirit AeroSystems
SPR
| $649K | 0.19% |
11,200
| – | – |
|
|
SPLK
206
DELISTED
Splunk Inc
SPLK
| $640K | 0.18% |
+11,250
| New | +$700K |
|
|
KYNB
207
Kyntra Bio
KYNB
$32.5M
| $636K | 0.18% |
+787
| New | +$548K |
|
208
Exelixis
EXEL
$13.5B
| $633K | 0.18% |
+25,700
| New | +$544K |
|
|
MZTI
209
The Marzetti Company
MZTI
$3.13B
| $619K | 0.18% |
5,050
-18,160
| -78% | -$2.28M |
|
|
EBSB
210
DELISTED
Meridian Bancorp, Inc.
EBSB
| $614K | 0.18% |
36,341
-6,420
| -15% | -$111K |
|
211
American Eagle Outfitters
AEO
$2.83B
| $610K | 0.17% |
50,645
-8,694
| -15% | -$109K |
|
212
ANI Pharmaceuticals
ANIP
$1.67B
| $610K | 0.17% |
13,040
-2,250
| -15% | -$109K |
|
213
Cognex
CGNX
$10.2B
| $608K | 0.17% |
+14,320
| New | +$636K |
|
214
Matrix Service
MTRX
$305M
| $608K | 0.17% |
65,045
-16,809
| -21% | -$189K |
|
215
Domino's
DPZ
$11.6B
| $603K | 0.17% |
2,850
| – | – |
|
216
Steel Dynamics
STLD
$33.6B
| $600K | 0.17% |
16,760
| – | – |
|
|
REGI
217
DELISTED
Renewable Energy Group, Inc.
REGI
| $597K | 0.17% |
46,070
-8,280
| -15% | -$93.1K |
|
|
SCMP
218
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
| $589K | 0.17% |
56,107
-9,852
| -15% | -$100K |
|
|
STBZ
219
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $571K | 0.16% |
21,060
-5,299
| -20% | -$139K |
|
220
Choice Hotels
CHH
$4.9B
| $569K | 0.16% |
8,850
-510
| -5% | -$32.7K |
|
221
Kohl's
KSS
$1.98B
| $557K | 0.16% |
14,400
| – | – |
|
222
Lincoln Electric
LECO
$15.5B
| $557K | 0.16% |
+6,050
| New | +$544K |
|
223
Alaunos Therapeutics
TCRT
$4.06M
| $532K | 0.15% |
570
-102
| -15% | -$100K |
|
|
CCXI
224
DELISTED
ChemoCentryx, Inc.
CCXI
| $528K | 0.15% |
56,388
-10,110
| -15% | -$74.2K |
|
225
Vanda Pharmaceuticals
VNDA
$320M
| $524K | 0.15% |
32,160
-5,640
| -15% | -$81.3K |
|
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Piermont Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Piermont Capital Management held 280 positions worth $350M, down 17% from $420M the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Piermont Capital Management withdrew a net $68.2M in Q2 2017, closing 35 positions and reducing 162 holdings. Its most notable exit was Timken Company, an estimated $3.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.
Against the trend, Piermont Capital Management opened a new position in Franklin Street Properties worth $2.36M.
- Piermont Capital Management's largest Q2 2017 buy was Franklin Street Properties: 213,150 shares worth $2.36M.
- Piermont Capital Management added most to Cooper-Standard Automotive in Q2 2017, an estimated $2.14M increase.
- Piermont Capital Management's biggest Q2 2017 reduction was Rambus, cutting an estimated $3.1M.
- Piermont Capital Management fully exited Timken Company in Q2 2017, selling an estimated $3.6M.
- Piermont Capital Management's ten largest holdings make up 10% of its $350M portfolio in Q2 2017.
- Piermont Capital Management opened 38 new positions and closed 35 in Q2 2017.
- Piermont Capital Management's portfolio value fell 17% quarter-over-quarter to $350M.
Based on Piermont Capital Management's 13F filing for Q2 2017, filed 11 Aug 2017.